Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
It heartens me greatly to see that flaring excess gas has almost completely stopped.
This infers that the new GGS is fully working, if it was not working then the volume of flared gas reported each month would continue to run into many $100k per month.
Last reported period it was negligible!
Just increase the pressure as planned, and more oil flows...
Is that fracking simple?
Are you feeling the pressure building Gregorio...
Gas gathering Sytem seems to be working well. Injection rates up and almost no flaring of excess gas.
Next thing you know we will be over 2kpd. And into going concern teratory....
Hope your short burns that little ass of yours!!
"The guy has zero credibility and anyone defending him is suspect."
Is this a quote referring to Trans?
If so I agree with it. He's not invested, probably sold out at 1.5 and crying every day since....
For general consumption these were the dates of previous production updates
August released on 2nd October (35535)
September released on 30th October (34438)
October released on 22nd November. (33903)
November could be released anytime from 2nd of December to end of December.
GGS fully installed, Injection rates increased to 4mcf/day, and importantly flaring is now almost negligible.
I am confident that November production will show further improvements, and as the injection rates increase to 8mcf/day we should reach beyond previous highs using the old under spec GGS system.
Lets see????
Agree with the frustration BB, however I would welcome the slightly cautious initial ramp up in order to maintain H+S credentials.
But all seems to be going well. Flaring is now almost negligable so no wasted cash burning excess gasses. All are being captured and re injected saving us millions of £ per year.
It will be a great day when we hear that bond interest is being paid with cash rather than shares.
Maybe that day is not so far off. I think the target is to get to 8mcf injection, so we should see some significant uplift in production.
And with OPEC expecting to deepen production cuts can only help with price of oil.
Maybe it was the wife topping up your ISA for Christmas Eddie...
Have you checked out your joint account balance this morning...lol
Bit of despondency here on a blue day, building on yesterdays surprising blue day (in spite of Bond conversion RNS.)
FWIW. Further indications that the GGS is working, can be found by the amount of flaring currently going on.
Eazy is quite right to highlight sustainable increases in Opex for the additional injectates, but for me the interesting (comforting) point is that the amount of gas flaring now is extremely low.
Previously there was one well in May 23, that flared $230k worth of gas, and produced about the same value in oil sales .
That same well in the last reported figures, show a negligible amount of flaring. But similar value oil sales.
(Flaring Factoid Pilfered from Bob on Telegram ;-)
Regarding waxing being a specific issue for COPL, I understand that waxing is common place globally, and there are techniques to manage them. (Perhaps a bit more pressure will simply blow the wax out...) COPL has already invested in mobile equipment to manage build ups.
Lots of us happily invested (just) for 5kpd, and I am pretty sure with the new Capex installed and Opex in place, a clear pathway to that point can be found.
Most 'Post Atomics', never invested thinking we would buy out CUDA so, "painfully" soon. Nor discover a billion barrels, nor sign an LOI with an oil major.
(Pre Atomic investors are on another pathway)
GLA
Did you notice when you click on QTR reports, when the tab opens take a look at the name that appears in the Tab header page...
https://www.canoverseas.com/quarterly-reports/
Hello M8,
Will be sad to see you not posting any more. I guess the time is right to hang up the keyboard and do other more interesting things.
I for one have valued your posts and tips over the last couple of years.
YOU ARE SIMPLY THE BEST.
Stuart.
Quite a telling post from Trans earlier Ashwaldo, seems to confirm my own belief in what his purpose is?
Transhaven
Posted in: AFC
Posts: 865
Price: 16.00
No Opinion
RE: Someone wants our stock!! Today 08:57
Oh come on everyone knows the LSE has paid shorter crews.....
;)